Savannah Energy Plc (SAVP.L) (LON:SAVP) Shares Cross Below 200 Day Moving Average – Should You Sell?

Savannah Energy Plc (SAVP.L) (LON:SAVP)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 8.90 ($0.11) and traded as low as GBX 7.88 ($0.10). Savannah Energy Plc (SAVP.L) shares last traded at GBX 8.90 ($0.11), with a volume of 1,128,348 shares changing hands.

Savannah Energy Plc (SAVP.L) Price Performance

The stock has a fifty day moving average price of GBX 8.90 and a 200-day moving average price of GBX 8.90. The firm has a market capitalization of £88.68 million and a PE ratio of -8.09. The company has a debt-to-equity ratio of 8.01, a quick ratio of 0.88 and a current ratio of 0.88.

Savannah Energy Plc (SAVP.L) Company Profile

Savannah Petroleum Plc, an oil and gas company, engages in the exploration of hydrocarbons in the Republic of Niger. The company's principal assets are the R1/R2 and R3/R4 PSC that cover an area of 13,655 km2 located in the Agadem rift basin in South East Niger. Savannah Petroleum Plc was incorporated in 2014 and is based in London, the United Kingdom.